I've followed you posts on BRK and while
sometimes I feel like a peeping tom, I don't have any more
to add, so I read and learn. It seems to me like
it's time to hit golf balls, average down and wait.
The BRK board is a bunch of posts on What Does Warren
Think. I haven't a clue, but I do think he has an
investment approach that will come around, just not as soon
as we all like, but in its own time.
charted BRK and found it has some correlation with market
moves, this market in particular, at this time. So it is
not surprising that it is moving down. I am confident
it will spring back, I just wish I had a lot more
money to pour in, I got overly aggressive in December.
The non tech market is almost beat to a pulp. If we
have much more downside, then most of my portfolio
will have P/E's below 5. I am frustrated, but I am
taking half the beating the overall market is, which I
take as a sign that there's just not much more money
to be dragged out of value.
I am looking
harder at HCN and BRK with my remaining capital. I have
as much of everything else as I want and these two
stocks seem to be the ones to continue chasing. I am
starting to get interested in HR again too.
this is all a replay, but while I can't tell you guys
much you don't already know, I do respect your ideas
and think that you are in the right track. Hope that
is some level of support in a very frustrating
market. I hope we can all congratualte each other come
June, or September or next January, who
<<<It always makes me suspicious what
goes into these million dollar "SG&A" numbers???
Isn't that where they put their golf green and caddy
fees, trips to the Meditteranian and to Hawaii when
they check out whether to expand operations there, and
their charter jet costs to save them an hour wait at
Tks for the good thoughts.
If we sound and
feel so full of self doubt these days, I wonder how
WEB is sleeping.
The money and respect are one
thing -- but guys like him want to leave a legacy of
success and right now he's under attack from all but his
I figure he's seen it all before, many times and
has made too much money following his own strategy. I
just read a biography of Ben Graham which talked about
when WEB moved back to Omaha from NYC with a tidy sum
of $140,000 made while working at Graham Newman.
That was his seed money which he has grown into
Still you are right, he can't be doing
cartwheels and must be very frustrated. I know I
I am scratching around to find more money to buy
more BRKb. It will come around. I feel for everyone
who bought at levels it will take some time for the
stock to come back to. I feel very fortunate to get hip
to HCN and BRK at this time.
We'll all be
fine by and by.
HCN looks very close to bottom to me. I wonder if
it will see 14 1/2. Benkea used to buy some ETT
(debt ratio of 1.4 but dividend at 19%!) HR looks like
it will come down to very close to HCN's dividend
level. Big bargains! Possible 40% returns over the next
year or two with a very good margin of safety. BRK -
another story. Big bargain at a much higher price, but if
its stock is a falling knife, why catch it now? "Mr.
Market" is being very irrational these days. He's
offering ALL at a P/E of 5.5! I think ALL is a huge
opportunity right now - GEICO will kick its butt in the long
run, but ALL should get bought out within the next 12
months - big bonanza for shareholders of record.
I've read the last 7 or 8 msgs. and don't know
what to think. Quite a bit about balls - very little
about HCN. I did use a lot of balls (good names) last
year (golf, thatis) I had in the basement for about 3
or 4 years. They were just as good as new ones, if
not better. My experience with Geico was very bad to
say the least. I have 2 '98 cars, pay about $1000/yr
ins. - I called Geico last summer for a quote exactly
like what I have. Very friendly - she came up with
$1046/6 months. I almost fell off my chair - I told what
I pay, and she explained she would have to see her
boss as something must be wrong with her rates, and he
would call me back. Guess what - he never called back!
I don't know how the big cheese is doing with this
company, but in my eyes it stinks (that cheesy smell). I'm
still high, and buying more, on HCN - I do my "dd"
quite often, and nothing is quite like that 15% or so
It will come back - may be starting now. Good luck
I like the financials on HR, low price to
everything ratios and low debt. It was a little to rich
compared to HCN so I just kept an eye on it. Anything
behind the downturn? Also, what happened to earnings at
I still am a huge fan of HCN, I just own
3x as much of this as any other REIT. Still if it
goes to 14.5 or less I think that's where my money is
Do you buy your golf balls at Target? That's what I
do. We don't have that many water traps in Colorado,
but they roll of the mountainside and disappear just
Drive for show, putt for dough
and if you can't score, switch from Diet Coke to Beer
are my 3 rules of golf.